Mega Loan

Mega Loan is a loan product with the following features:

  • Loan repayment period up to seventy two (72) months.
  • Can be taken as a stand-alone loan.
  • Can be used to bridge Special Development, Normal Development, Emergency and Education loans.
  • Can be used to buy loans from other financial institutions.
  • A one off charge of 3.5% of loans being bridged or bought will be charged.
  • Can be secured through guarantors and/or collateral. ·
  • Interest at 1.2% per month on reducing balance. ·
  • 2/3 rule applies where applicable. ·
  • Loan will be given up to three times a member’s deposits. ·
  • Proof of other sources of income apart from payroll applies.

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Contact Details

Woodlands road, Opposite IFRC
P.o Box 10454 00100
Nairobi, Kenya
CALL CENTER: +254 709 136 000